Moneygram Money Transfer Review

📝 Considering the feedback and high fees, it’s pretty clear why it’s not among one of the top-rated money transfer companies for August 2021. Moneygram is an old company with vast coverage, but we highly recommend these Moneygram recommended alternative
Logomoneygram logo
🏛️ Established1940
🌎 International Clients✓ Accepted
💱 Currencies Offered58 online, additional currencies may be available in shops.
💷 Minimum TransferNone. Moneygram is geared towards small remittances.
📲 Trading viaOnline or in branches worldwide (Bank to Cash / Cash to Cash).
🏢 Offices InHeadquarters in US, with subsidiary offices and certified agents literally across the globe.
⚖️ Regulation✓ Regulated by various American law Agencies, including the SEC. Also regulated by local authorities such as the FCA (UK).
🤯 Fees

Varies per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 15 Pounds for a 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Moneygram, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Promotional CodeNone
👨‍👩‍👧‍👦 Client Reviews41 on Consumer Affairs, 3,439 on TrustPilot UK, 10,503 on TrustPilot US, 146 on Yelp
⭐ Client RatingMoneygram has a rating of 4.3 / 5 on TrustPilot. 1 star on Consumer Affairs and Yelp.
👍 Advantages

Very Global, Very High Reach

Enables Cash pickup

Remitting Cash Since the 1940’s

👎 Disadvantages

Very Negative Client Reviews on Some Platforms

Relatively High Fees Based on World Bank statistics

View Alternatives:

Moneygram competitors are presented in the table below. Don’t overpay on money transfers and always compare your options. You should consider the following alternatives before moving forward:

UK EU Currencies Direct: Best Overall for International Money Transfers
1 Canada Square, Canary Wharf, London E14 5AA, UK
97.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent - Send From: UK, Europe, US, Canada, South Africa, India
Why Them?
  • #1 Rating on MTC for the Past 2 Years - Tailored to Larger Transfers with Excellent Phone Service
  • No Fees on any Transfers, Ever
  • Very Friendly Online Platform
+Read more
Australia UK EU USA New Zealand OFX: The Publicly-Traded Money Transfer Company from Down Under
Level 19, 60 Margaret St, Sydney, NSW 2000, Australia
90.4% Editorial rating
4,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivalent, Send From: Australia, New Zealand, UK, Europe, US, Canada
Why Them?
  • Excellent Reach - Transfer to Any Country
  • Excellent Online System, Easy to Understand and Use
  • 24/7 Support Wherever You Are on The Globe (Unique Perk)
+Read more
EU UK USA Australia Wise (Previously TransferWise): Valued at £10bn
17 Avenue Marnix, 1000 Brussels, Belgium
86.8% Editorial rating
124,000 Client Reviews
Minimum transfer:
No Minimum- Send From: UK, Europe, US, Canada, Singapore, Japan, Indonesia, Malaysia, Australia, New Zealand
Why Them?
  • Largest Money Transfer Provider of its Kind
  • Fees for Most Routes under £1
  • Fully-Online Journey
+Read more
EU UK USA Australia One of the Hottest Money Transfer Startups
Colm House, 91 Pembroke Rd, Ballsbridge, Dublin, Ireland
86.8% Editorial rating
5,000 Client Reviews
Minimum transfer:
No Minimum - Send From: UK, Europe, Australia, Hong Kong, Singapore
Why Them?
  • No Fees on GBP payments, EUR Charged at €3
  • Very Low Margins, Down To 0.33%
  • Great Reputation And Client Reactions
+Read more
UK Australia Hong Kong Singapore Unique payment network offering 134 currencies
IDA Business and Technology Park, Ring Road, Kilkenny, Ireland R95 ETN5
N/A Editorial rating
14,000 Client Reviews
Minimum transfer:
No Minimum, Transfer from Number of Countries Worldwide, including 51 US States, UAE and Many Parts of Asia
Why Them?
  • Send 134 Currencies to 162 Countries
  • Available in 51 US States
  • £10 for personal transfers
+Read more
UK Germnay Turkey TransferGo: Rated 4.8 / 5 from over 22,000 reviews
241 Southwark Bridge Rd, SE1 6FP, London, United Kingdom
72.0% Editorial rating
22,000 Client Reviews